The owner of the adult platform OnlyFans, Odessa native Radvinsky, has died

Leonid Radvinsky, the owner of the OnlyFans platform and a native of Odessa, has died after a long battle with cancer at the age of 43. His death raises questions about the future of one of the most profitable yet controversial online platforms. Bloomberg reports.

Radvinsky controlled the parent company of the platform, Fenix International Ltd., after acquiring a controlling stake in 2018. Under his leadership, the service transformed into a global phenomenon that allowed creators to monetize content directly.

OnlyFans platform: what is known about Radvinsky's business

OnlyFans was founded in 2016 by Brits Guy and Tim Stokely. It gained popularity during the pandemic when many content creators went online.

Key facts about the platform:

• over 4.6 million content creators
• around 377 million users
• company revenue in 2024 - 1.4 billion dollars
• platform commission - 20% from subscriptions and sales

Since 2021, Radvinsky has received approximately 1.8 billion dollars in dividends from the business.

OnlyFans business after the death: ownership and deal questions

The businessman’s death may impact the ownership structure of the company. Previously, he transferred his assets into a trust, which may determine future control over the platform.

At the time of his death, negotiations were ongoing regarding the sale of a 60% stake in OnlyFans. The potential deal valued the service at approximately 5.5 billion dollars.

Key details of the negotiations:

• investor - Architect Capital from San Francisco
• possible funding - around 2 billion dollars in debt
• negotiations remained in their early stages

Leonid Radvinsky was born in Odessa, later moved to the USA, and lived in Florida. The company notes that he supported various charitable projects in different countries.

It’s worth noting that on June 20, actor Chuck Norris passed away at the age of 86.